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Tue, 29 Jan 2008
World's largest organic fertilizer plant for W. Kalimantan
The world`s largest organic fertilizer plant with a production capacity of 300,000 tons per year is expected to begin operating in West Kalimantan in the middle of this year, a local agricultural official said, Antara reported Monday (21/1/08).
Tue, 29 Jan 2008
Hyundai to invest $40M in truck plant
South Korean auto-maker Hyundai Motor Co. plans to invest $40 million in its truck and bus assembly plant in Indonesia, local reports said Friday (25/1/08), Xinhua reported. The investment will go to local subsidiary PT Korindo Heavy Industry which manufactures bus and truck chassis with a capacity...
Tue, 29 Jan 2008
Indonesia mulls setting up infrastructure bank
Jakarta (ANTARA News) - The Indonesian government is considering setting up a specialised bank that focuses on providing long-term financing only for infrastructure projects, a central bank deputy governor said on Monday.
Tue, 29 Jan 2008
Corrupt governance damages Soeharto's economic legacy
Only an economic crisis could bring down President Soeharto, a political analyst once commented in the early 1990s when the authoritarian ruler began serving his sixth consecutive term with an ever stronger autocracy.President Soeharto's regime fell along with the economic collapse in May, 1998.
Mon, 28 Jan 2008
Indonesian footwear industry fails to go the extra mile
Although external factors provided some leeway for the country's footwear industry to boost overall output last year, it failed to live up to its potential because persisting operational obstacles continued to undermine its performance.
Mon, 28 Jan 2008
Indonesian Investors Extremely Optimistic
Monday, 28 January, 2008 | 12:58 WIBTEMPO Interactive, Jakarta: Compared to investors in other countries, investors in Indonesia are extremely optimistic that the US economy, which is now sluggish due to the sub-prime mortgage crisis, will improve soon.
Mon, 28 Jan 2008
Watching Bali's Number
Local Tourism Observer Calls on Bali Tourism Board to Collect, Analyze and Carefully Reflect on Tourism Data.(1/27/2008) In an op-ed piece published in the Bali Post, a tourism commentator, who writes under the name "Gregorius," has called on Bali to pay more attention to the collection and...
Mon, 28 Jan 2008
Indonesia urged to speed up adoption of ecolabeling
JAKARTA (JP): Analysts stressed on Monday the need for the country's forestry-related companies to speed up the adoption of ecolabeling in orderto maintain their export market and ensure the sustainability of forest resources.
Mon, 28 Jan 2008
Coal producers required to prioritize meeting domestic needs
Jakarta (ANTARA News) - The government required all coal mining concessionaires to supply all of part of their coal to the domestic market.Mineral and Coal Director General at the Ministry of Energy and Mineral Resources Simon Sembiring said in Jakarta on Friday that under the contracts with the...
Mon, 28 Jan 2008
RI property industry predicted to grow at 5-10 pct only in 2008
Jakarta (ANTARA News) - Developers said that property industry in Indonesia was predicted to grow at 5 to 10 percent in 2008 only due to market uncertainty and various economic turbulences at home and abroad.
Mon, 28 Jan 2008
Indonesia December trade surplus expected to widen as import growth slows
Jakarta (ANTARA News) - Indonesia's trade surplus is expected to widen in December from November as exports bounce back while imports slow down, according to economists polled by Thomson Financial.The Central Bureau of Statistics will release the trade data next Friday.
Sun, 27 Jan 2008
Who are Indonesia's ethnic Chinese?
And here I tohught they were just a bunch of arrogant asses and thieves.............
Sat, 26 Jan 2008
Govt raises CPO reference prices
Jakarta (ANTARA News) - The Indonesian Trade Ministry raised Friday the export reference price (HPE) of crude palm oil for February to US$944 per metric ton from US$869 per metric ton a month earlier after the CPO price in Rotterdam hit a record high of US$1,000 per metric ton.
Sat, 26 Jan 2008
Asean agrees to launch tourism joint promotion drive
Jakarta (ANTARA News) - All ASEAN member countries have expressed agreement to the Indonesian proposal to implement the ASEAN tourism joint promotion with a view to increasing the number of tourists visiting the region, a minister said.
Sat, 26 Jan 2008
Indonesia enjoys US$1.1 billion surplus balance of payments
Denpasar, Bali (ANTARA News) - Indonesia`s balance of payments experienced a surplus of US$1.1 billion in the third quarter of 2007, or much higher than the previous prediction of US$0.4 billion, a central bank official said here on Friday.
Fri, 25 Jan 2008
Indonesia in Fifth Place for Mobile Advertisement Users
now we know where all the SMS spam comes from ...arseholes!
Fri, 25 Jan 2008
Less software piracy means more jobs, more state revenue: Study
Indonesia should be able to create 2,200 new jobs, generate an additional US$1.8 billion in economic growth and gain $88 million more in tax revenue by reducing software piracy by 10 percent by 2011, a study says.
Fri, 25 Jan 2008
BMW sales rebound from 2006 decline on improving economy
PT BMW Indonesia, a local subsidiary of Munich-based luxury car manufacturer BMW AG, bounced back from a steep decline in sales in 2006 to post a 66.7 percent rise last year on an improving economy, an executive says.
Fri, 25 Jan 2008
State firms in logistics, tourism sector 'did well'
The performance of a total 31 state-owned companies in the logistics and tourism sectors showed encouraging progress last year in earnings and profits, a senior official said.Total revenues rose by 14.7 percent to Rp 40.4 trillion (about US$4.3 billion) in 2007 from Rp 34.4 trillion in 2006.
Fri, 25 Jan 2008
Chartered flight business promising, says a player
JAKARTA (JP): Publicly listed chartered airline company PT Indonesia Air Transport is upbeat about business prospects in the country, amid an intensified drive by the government to boost oil production.
Fri, 25 Jan 2008
PLN to build two thermal plants in Southeast Sulawesi
Makassar (ANTARA News) - State electricity firm PT PLN and a private company will build two thermal power plants with a combined capacity of 40 MW in Southeast Sulawesi province this year.PLN will also build distribution networks to connect the power plants to the existing interconnection networks,...
Fri, 25 Jan 2008
Indonesia in Fifth Place for Mobile Advertisement Users
Thursday, 24 January, 2008 | 16:41 WIBTEMPO Interactive , Jakarta: Indonesia is in fifth place of the users of advertisement services via Internet mobiles that can be accessed by cellular phones.According to research by AdMob, an United States' Internet mobile market network provider company,...
Fri, 25 Jan 2008
Crisis Threatens Southeast Asia
Thursday, 24 January, 2008 | 16:16 WIBTEMPO Interactive, Jakarta:The International Monetary Fund (IMF) has warned that Southeast Asian countries may be the worst hit by the impacts of the United States' weakening economy, compared to other regions.
Fri, 25 Jan 2008
Growth of Indonesia`s exports to Japan may slow down in 2008
Jakarta (ANTARA News) - The growth of Indonesia`s exports to Japan may slightly slow down in 2008 in view of the economic recession in the United States.The growth of Indonesian exports to the United States had been predicted to decline substantially as the result of economic recession there.
Fri, 25 Jan 2008
Cides: Invite foreign investors to develop agricultural sector
Jakarta (ANTARA News) - Director of the Center for Information and Development Studies Umar Juoro said the government should endeavor in improving agricultural production to address the problem of the currently rising food prices.
Fri, 25 Jan 2008
Who are Indonesia's ethnic Chinese?
there have certainly been improvements in the social situation for indonesian chinese since 1998. maybe not great improvements, but improvements nonetheless.to some extent, i feel that the ball is now in the chinese court: can they make the necessary adjustments and compromises with the 'pribumi'...
Thu, 24 Jan 2008
Government Prepares Soybean Subsidy of Rp200 Billion
The Australian is reporting that there has been a suicide linked to the rising cost of the soyabean!
Thu, 24 Jan 2008
Who are Indonesia's ethnic Chinese?
Okay, I am generally an optimist sort...hopefully this author is right in that there will be "broader acceptance" in political and economical participations of ethnic Chinese minority. My question to all JCers, do you share the author's sentiment that it is moving in the "right direction'?
Thu, 24 Jan 2008
Failed policies knock biodiesel production by 85%
Biodiesel producers announced earlier this week that their total production has dropped by 85 percent since December.The producers blamed the drop on "inconsistent policy making" by the government, particularly the fact that Pertamina's total spending on biodiesel had not been defined as an expense...
Thu, 24 Jan 2008
Who are Indonesia's ethnic Chinese?
The mention of "Indonesia's ethnic Chinese" invites curious reactions. In Australia alone, there are a number of popular images portraying them, the most common being, "rich but corrupt and unscrupulous in robbing the country by colluding with equally corrupt officials", and "despised and always...
Thu, 24 Jan 2008
Business activities needed in outlying islands
KUPANG, East Nusa Tenggara (Antara): Business activities are needed in Indonesia's outlying islands in addition to military deployment, international law expert Wilhelmus Wetan Songa said on Wednesday."Businesspeople should be directed to manage the outlying islands although we already deploy...
Thu, 24 Jan 2008
Imports program 'needs better infrastructure'
The Jakarta Post, JakartaThree months ahead of the participation of all importers in the National Single Window (NSW) program, the government should immediately improve road infrastructure within and towards Jakarta's Tanjung Priok port, said panelists in a seminar here.
Thu, 24 Jan 2008
Indonesia judicial system needs overhaul - court head
Jakarta (ANTARA News) - Corruption among judges in Indonesia remains a key problem and the whole judicial system still needs a root-and-branch overhaul, the head of thecountry's young constitutional court said on Wednesday.
Wed, 23 Jan 2008
House mulls shutting down oil, gas regulators
i've always wanted to know: what do they actually *do*? (besides issuing useless pieces of paper.)
Wed, 23 Jan 2008
House mulls shutting down oil, gas regulators
The House of Representatives is weighing over the possible closure of upstream oil and gas regulator BPMigas and downstream regulator BPH Migas due to decaying administrative performance and failures to meet targets.
Wed, 23 Jan 2008
Indonesia Aims at Export Market
Tuesday, 22 January, 2008 | 16:18 WIBTEMPO Interactive, Jakarta: Trade Minister Mari Elka Pangestu said that the government will be alert to the United States’ recession threat against Indonesia’s exports and the economy.
Wed, 23 Jan 2008
Government Prepares Soybean Subsidy of Rp200 Billion
Tuesday, 22 January, 2008 | 17:12 WIBTEMPO Interactive, Jakarta: The government is planning to give subsidies to tofu and tempe producers amounting to Rp1,000 per kilogram for two months. The aid is for alleviating the burden of micro- and small-scaled business .
Wed, 23 Jan 2008
S. Kalimantan to get another coal-fired power plant
Banjarmasin, South Kalimantan (ANTARA News) - Coal mining company PT Adaro Indonesia plans to build a mine-mouth coal-fired power plant with a capacity of 60 MW in South Kalimantan province in cooperation with construction firm PT Makmur Sejahtera Wisesa.
Wed, 23 Jan 2008
Indonesian, Chinese firms to ensure antibiotics supply to RI market
Shijiazhuang (ANTARA News) - Two Indonesian pharmaceutical companies and a Chinese counterpart have signed an agreement here to ensure stability in antibiotics` supply and prices for the Indonesian market.
Wed, 23 Jan 2008
Govt to expedite soybean self-sufficiency to 2011
Jakarta (ANTARA News) - The government needed to make every effort for an earlier achievement of self-sufficiency in soyabean originally planned in 2015 to 2011 with the domestic production of two million tons of the commodity, a minister has said.
Tue, 22 Jan 2008
Bajaj expanding business
Originally Posted By: KuKuKaChuBajaj expanding business"In few years to come, we'll be focusing on brand building, service network and distribution to tap Indonesia's sport motorcycle market," he said. They should make a sports Bajaj with Carlos Fandango Superwide wheels
Tue, 22 Jan 2008
Indonesia, India studying possible free-trade deal
The Indonesian and Indian governments are exploring the possibility of establishing free trade cooperation with the fixed target of increasing the value of their bilateral trade to $10 billion by 2010, Asia Pulse reported Wednesday (16/1/08).
Tue, 22 Jan 2008
Ciputra to build $747M Jakarta property project
Publicly listed property company PT Ciputra Property plans to invest Rp7 trillion ($747.36 million) in an integrated shopping mall, hotel and apartment project in Jakarta, Asia Pulse reported Wednesday (16/1/08).
Tue, 22 Jan 2008
Container terminal set for expansion
The Jakarta International Container Terminal (JICT) will expand its 72-hectare container yard by 12.4 hectares to increase its storage capacity by 57% to 55,000 ton equivalent units (TEUs), The Jakarta Post reported Thursday (17/1/08).
Tue, 22 Jan 2008
FDI in Batam up 56% in 2007
Foreign investment inflows to Batam Island in Riau Islands province last year jumped 56% to $288.52 million from $184.99 million a year earlier, the Batam Authority said in a statement on January 11, Asia Pulse reported. In 2007, the government licensed 79 new foreign investment projects worth $288.
Tue, 22 Jan 2008
Consumer confidence at 3-month low on prices
Consumer confidence index fell to a three-month low on concern fewer jobs and the possibility of higher food prices will erode incomes, a central bank survey said, Bloomberg reported Monday (14/1/08). The index dropped to 99.1 last month from 101.
Tue, 22 Jan 2008
Poor planning may hamper ambitious tourism program
Agustina Wayansari, The Jakarta Post, JakartaBusiness players and local authorities are concerned that inadequate government planning for this year's international Visit Indonesia tourist campaign has left them without enough time to prepare.
Tue, 22 Jan 2008
Bajaj expanding business
The Jakarta Post, JakartaMotorcycle maker PT Bajaj Auto Indonesia is trying to increase its sales of sports motorcycles in Indonesia by launching new products this year, with an intention of establishing a new production plant next year.Sales and marketing director Dharmesh K.
Tue, 22 Jan 2008
Biofuel committee seeks mandatory use of biofuels
The National Biofuel Development Committee will propose legislation on mandatory use of biofuel in industry before its tenure ends in August, the chairman said.Alhilal Hamdi told The Jakarta Post on Monday the committee was coordinating with the government to determine what level of consumption...
Tue, 22 Jan 2008
RI has to fix its dysfunctional legal system
Hans W. Vriens, SingaporeIndonesia's transition in the last ten years since the country was hit by the Asia's financial crisis has been such a remarkable success that some people see the emergence of a "democratic Indonesian tiger".